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(Transportation-News.com, September 19, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive Active Safety System market for 2018-2023.
Safety of both, driver and passengers is one of the most important concern while travelling. Automotive safety is the procedure of designing and construction of the safety systems of the vehicle, as per the standards and regulation prescribed by the government agencies and transport authorities of the across the world. The main aim of the automotive safety systems is to avoid accidents and minimize the occurrence and impact of the accidents. Present day vehicles are equipped with both passive and active safety systems to protect both passengers and driver from sudden jerk or accidents.
The increasing usage of automobiles for long distance travelling is influencing the demand for automotive safety systems. This is inducing automotive OEMs to extensively focus on improving road safety by preventing accidents and reducing injuries. Technavio’s market research study has identified the increase in safety concerns as one of the primary growth factors for the automotive active safety system market. The hectic lifestyle of the consumers and unfavorable driving etiquettes such as messaging, surfing, and speaking on the phone while driving, result in automotive accidents. Safety systems, such as BSD, lane departure warning, parking assist, and DMS assist in accident prevention and driver protection
The development of eco-cruise control is one of the key trends that will gain traction in the automotive active safety system market during the next few years. Eco-cruise control or economic cruise control is different from the normal cruise control as this system is designed for uneven roads that impact the consumption of significant amount of fuel while driving normally. This eco-cruise control uses GPS and GIS to adjust the speed of the vehicle. Electronic cruise control (ECC) is the combination of intelligent system or the control unit. Using these algorithms, the fuel consumption of the vehicle is reduced.
Over the next five years, this report projects that Automotive Active Safety System will register a 12.1% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Active Safety System market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Anti-lock Braking System (ABS)
Driver Monitoring System (DMS)
Adaptive Cruise Control (ACC)
Lane Departure Warning System (LDWS)
Tire Pressure Monitoring System (TPMS)
Electronic Stability Control (ESC)
Blind Spot Detection (BSD)
Night Vision System (NVS)
Segmentation by application:
Passenger Vehicles
Commercial Vehicles
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Bosch
Continental
Delphi Technologies*
ZF Friedrichshafen
Autoliv
Hyundai Mobis
Valeo
DENSO
Magna International
FLIR Systems
Infineon Technologies
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Active Safety System consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Active Safety System market by identifying its various subsegments.
Focuses on the key global Automotive Active Safety System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Active Safety System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Active Safety System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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